| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 62nd | Good |
| Amenities | 38th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 709 S Creek St, Fredericksburg, TX, 78624, US |
| Region / Metro | Fredericksburg |
| Year of Construction | 2005 |
| Units | 29 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
709 S Creek St, Fredericksburg TX Multifamily Investment
Neighborhood-level indicators point to steady renter demand supported by a relatively high renter-occupied share and elevated ownership costs, according to WDSuite’s CRE market data.
This suburban Fredericksburg neighborhood rates A and is competitive among Fredericksburg neighborhoods (ranked 3 of 16), signaling balanced fundamentals for a 29-unit asset. Local housing stock trends show the property’s 2005 vintage is newer than the neighborhood average (1983), an advantage for leasing versus older buildings while still warranting typical mid‑life system updates.
Amenities are moderate: restaurants and cafés score competitively within the metro (both ranks are within the top 40% of 16 neighborhoods), while park and pharmacy access is limited within the neighborhood itself. For investors, this mix supports day‑to‑day livability but suggests residents may rely on a broader trade area for some services.
At the neighborhood level, occupancy trends sit above the metro median (rank 6 of 16), though below national benchmarks, implying attention to marketing and renewal strategies is important to sustain stability. Median rents for the neighborhood track above national midpoints, and home values sit in a higher‑cost ownership market (nationally around the upper quartiles), which tends to reinforce reliance on rentals and can aid pricing power when managed carefully.
Tenure patterns indicate a meaningful renter base: the share of housing units that are renter‑occupied ranks in the top quartile among 16 metro neighborhoods. Within a 3‑mile radius, household counts have grown even as average household size has edged down, creating more households relative to population and signaling a broader tenant base for smaller formats. Forward‑looking projections within 3 miles call for increases in population and households over the next five years, supporting multifamily demand and occupancy stability. These dynamics, combined with the area’s above‑median neighborhood rating and demographic mix, offer a practical framework for underwriting rent growth and retention.
Comparable neighborhood crime metrics are not available in the current WDSuite dataset for this location. Investors should evaluate property‑specific security measures and recent local trend reports during diligence, and triangulate with nearby submarket benchmarks for a balanced view of safety conditions.
The 2005 vintage positions this asset as newer than the local average, providing relative competitiveness versus older stock while leaving room for targeted modernization to enhance rents and retention. Neighborhood‑level ownership costs are elevated versus national norms, which can sustain rental demand, and the share of renter‑occupied housing ranks in the top quartile locally. Within a 3‑mile radius, recent increases in household counts alongside smaller household sizes point to a larger tenant base; forward projections indicate continued population and household growth, supporting occupancy and lease‑up prospects. Based on commercial real estate analysis from WDSuite, neighborhood occupancy trends are above the metro median but softer than national peers, suggesting disciplined lease management remains important.
Overall, the combination of a newer asset profile, a meaningful renter pool, and a high‑cost ownership market supports a conservative but constructive long‑term thesis, with execution focused on renewals, unit finishes, and amenity positioning to capture steady demand.
- Newer 2005 construction offers competitive positioning versus older neighborhood stock with selective value‑add potential.
- Elevated ownership costs and above‑median neighborhood rents reinforce reliance on multifamily housing and pricing power.
- Within 3 miles, rising household counts and projected growth expand the tenant base and support occupancy stability.
- Execution focus: renewal strategy and targeted upgrades to sustain performance where neighborhood occupancy trails national benchmarks.
- Risks: limited nearby parks/pharmacies and a smaller metro scale may require stronger marketing and amenity strategy to drive leasing.